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Kronos for Insurance: Increase Profitability and Gain a Competitive Edge


Overview
Resources
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Build Customer Loyalty With a Productive, Efficient Workforce

For insurance companies, competition from the internet and financial services firms is heating up just as the industry is confronting an aging workforce. You need to attract new workers and retain skilled mid-level employees, provide flexible employment opportunities to part-time and contact centre employees, and accurately track an increasingly mobile workforce of agents, sales people, adjusters, and appraisers.

At the same time, demand for products and services is increasing as baby boomers look for health and long-term care insurance, annuities, and other pension products. You need to deliver personalized, knowledgeable service to customers. And you need to do it in an environment of increasing regulatory demands.

With Kronos for Insurance you can optimize your workforce. After all, when your workforce delivers quality service to your customers, profitability follows. When you are able to minimize compliance risk, increase workforce productivity and have complete visibility into your costs, you’re able to gain a competitive edge. Kronos for Insurance can help you:

  • Use activity-based costing to reallocate employees to more profitable products and activities
  • Schedule employees to optimize customer satisfaction while accommodating skills, certifications, and volume
  • Manage time-off balances with real-time reporting that reduces potential for overdrawn balances
  • Easily track employee skills and certifications with real-time renewal alerts that minimize compliance risk

 

Learn more about how our Kronos for Insurance can help your business on our resources page.

Find out more in our Resource Library.